• EN

    • -+ 0.00%
    -+ 0.00%
    -+ 0.00%

    Nexi (BIT:NEXI) Leaves The FTSE All World Index, Is The Stock Fully Valued?

    Simply Wall St·09/26/2026 00:34:59
    Listen to the news

    Nexi (BIT:NEXI) has been removed from the FTSE All-World Index (USD), a change that can prompt forced trading by index trackers and sharpen investor focus on how the payments group is currently valued.

    For investors looking at the bigger picture, Nexi’s recent removal from the FTSE All-World Index comes after a mixed price pattern. The 90-day share price return of 17.78% contrasts with a 30-day share price decline of 6.80% and a 1-year total shareholder return that is down 4.61%. This points to momentum that has picked up in the short run, while longer term holders have still experienced meaningful drawdowns over three and five years.

    Compare Nexi’s index exit with other potential opportunities by scanning our handpicked 181 high quality undervalued stocks, which currently sit outside the major global benchmarks.

    Nexi’s index exit can be read as a verdict on the business, or as a sharp swing in sentiment after years of share price pressure. Which interpretation does the current valuation support?

    Most Popular Narrative: 5% Overvalued

    The most followed narrative currently pegs Nexi’s fair value at €3.98, slightly below the last close of €4.17. This frames the index removal against expectations of only a modest valuation gap and a long execution story tied to digital payments and margins.

    Analysts expect earnings to reach €580.6 million (and earnings per share of €0.46) by about August 2029, up from €3.4 billion in losses today. However, there is a considerable amount of disagreement amongst the analysts with the most bullish expecting €965.2 million in earnings, and the most bearish expecting €482.6 million.

    See why 24 investors see Nexi as 5% overvalued.

    Result: Fair Value of €3.98 (OVERVALUED)

    Still, the loss of key Italian bank distribution contracts and Nexi’s reliance on acquisition synergies leave the current fair value narrative exposed if execution disappoints.

    Find out about the key risks to this Nexi narrative.

    Another View On Nexi’s Valuation

    The first narrative frames Nexi as about 5% overvalued on a fair value of €3.98, yet the pricing picture looks different when using sales as the anchor. On a P/S of 0.8x versus 2.3x for the wider European diversified financial group and a fair ratio of 3.1x, the share trades at a steep discount that suggests investors are heavily discounting execution and earnings quality risks. Which lens do you trust more when the market is this split on the story?

    See what the numbers say about this price in more detail with our valuation breakdown See what the numbers say about this price — find out in our valuation breakdown.

    BIT:NEXI P/S Ratio as at Sep 2026
    BIT:NEXI P/S Ratio as at Sep 2026

    Next Steps

    Sentiment around Nexi is clearly split, so move quickly, review the full set of data, and weigh up the 3 key rewards and 1 important warning sign.

    Looking for more Nexi investment ideas?

    If the Nexi story feels finely balanced, widen your lens and pressure test your thinking across different types of opportunities before you commit fresh capital.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.